COVID-Economics Links (May 7)

Blogs, Opinions and Academic papers

• COVID-19 lockdowns have increased support for incumbents, trust in government, and satisfaction with democracy - Blais, Bol, Giani and Loewen  (VoxEU)
• Germany’s Judges Declare War on the ECB - Willem H Buiter
• The value of social distancing is not equally distributed - Barnett-Howell and Mobarak (VoxEU)
• The Threat of Enfeebled Great Powers - Arvind Subramanian (PS)
• Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change? - Hepburn, O’Callaghan, Stern, Stiglitz and Zenghelis 
• Fiscal Policies for the Recovery from COVID-19 - Gaspar,  Lam, and Raissi (IMF)
• Covid Economics: Vetted and Real-Time Papers, Issue 14 - CEPR
• Global medical trade in the time of the coronavirus pandemic - Kimberly A. Clausing (Equitable Growth)
• The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending - Coibion, Gorodnichenko and Weber (SSRN)
• Here’s How Covid-19 Is Boosting Monopolization and Market Power - Matt Stoller (ProMarket)
• China’s economy after COVID-19 - Audio (Bruegel)
• Reopening Malaysia’s economy in a new normal - Smita Kuriakose (World Bank)
• How Severe Is the “Great Lockdown” Expected to Be? - Enrique Martinez Garcia (EconBrowser)

News

• ECB to resist German court order to justify bond purchases - FT
• Norway cuts rates to zero as economy faces twin shocks - FT
• Breaking down the eurozone’s worst recession in history - FT
• BoE warns of 30% crunch in the UK economy but refrains from new stimulus - FT
• ECB Faces No Shortage of Rebuttals to German Court’s QE Attack - Bloomberg
• Pressure on Turkey’s Economy Builds as Lira Nears Record Low - WSJ
• Reopening the economy won’t avert a serious recession - Washington Post
• How Germany Kept Its Factories Open During the Pandemic - WSJ
• UK construction activity collapses in April - FT
• China’s mixed data point to challenge of rebooting economy - FT